The Day Today

"The Day Today" - 7 May 2014

* After the New Zealand dollar rises to 30 year highs, the RBNZ Governor gave notice that continued ccy strength could prompt intervention and/or remove the need for future rate hikes: if the NZD fails to respond “It would become more opportune for the Reserve Bank to intervene in the currency market to sell New Zealand dollars”……

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"The NFP Day Today" - 2 May 2014

Today’s US jobs report is one of the LEAST anticipated in years. One trader told me that payrolls just isn’t important any more… which is a sign of how hard it has been to make money and how little conviction there is with volatility on the lows….

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"The May Day Today" - 1 May 2014

Mayday Mayday! In fact it’s quite the reverse. Most major stock markets have recovered half, if not all, of their losses from the start of April. Interest rates and currencies remain rangebound and volatility in almost everything is down at multi-year lows.

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"The (Fed) Day Today" - 30 April 2014

* This story wraps up what to look for this year: a healthy US corporate sector; a strong US economy; plans to invest; M&A; and potential US dollar repatriation flows:
eBay to repatriate $9bn in cash….

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